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New York

Long Island’s new urban condo wave on the upswing

Demand for residences with a chic Manhattan feel and ample amenities is rising

Watchcase in Sag Harbor
Watchcase in Sag Harbor

From the Long Island Market Report: Older homeowners downsizing and younger couples moving from the city have fueled a recent surge in the number of Long Island condominium projects and their trend toward city-style designs and amenities, according to developers and brokers.

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An analysis of attorney general filings for condo projects compiled by The Real Deal shows that 1,212 units have been approved or are pending in Nassau and Suffolk counties in the past two years. That compares to 1,483 units over the four-year period from 2010 through 2013, marking a big uptick in condo development. [more]

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